Replies to post #63518 on Phoenix Associates Land Syndicate (fka PBLSQ)

[rocketone1]

Everybody used to moan how they hated all of those preferred shares, and now they are gone. Yes, they might have "sucked up common shares", but the company would then have to pay dividends on them. You can't get something for nothing.

The rest of your note complains about the company's past performance. Obviously, I agree they have done a lot of things wrong, but I don't see how that makes today's PR bad.

[bhr]

Where did those pool companies go? Who bought them?

[dlaserman]

In addition to the other posts pointing out that the move reduces the bleeding but doesn't entirely extricate the cancer, I find this oft' repeated information interesting - shouldn't this be true if it appears in a PR? I would think tidying up this list would be an easy task to do.

About Phoenix Associates
Phoenix Associates Land Syndicate is a holding company with assets in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries.